Sweeptoken
Crypto Overview
Project Overview
Sweep Token (SWEEP) is an ERC-20 token on the Ethereum blockchain launched in 2023. It functions as both a governance and utility token for the SweepDAO ecosystem. The project aims to enable community-driven asset management and portfolio optimization.
Utility Analysis
The primary utilities of SWEEP include: Governance rights in SweepDAO, Staking rewards from protocol revenue, and Access to portfolio management tools. The token is actively traded on decentralized exchanges like Uniswap.
Business Model Evaluation
The project generates revenue through protocol fees from portfolio management services and trading activities. These fees are distributed to SWEEP stakers. The business model appears transparent and doesn't involve prohibited activities like interest-based lending or gambling.
Development Activity
The project maintains active development on GitHub with regular updates to smart contracts and portfolio management tools. The team consistently communicates updates through official channels.
Token Distribution
Token distribution shows: 40% to community treasury, 30% to liquidity mining, 20% to team (with 2-year vesting), 10% to early supporters. The vesting schedule for team tokens indicates commitment to long-term development.
Crypto Impact
To assign a comfort level investing in Sweeptoken from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Sweeptoken.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.